3.3K 
Over the course of 2023, Mattamy Homes has continued to solidify its position as a leader in the Canadian real estate industry as the company achieved several milestones in the Greater Toronto Area, marked by groundbreaking developments, innovative responses to market challenges, and significant community engagement. Here's a detailed look at Mattamy's year, reflecting its resilience and ingenuity in an evolving market landscape.
Groundbreaking Successes in GTA Developments
Mattamy Homes set the tone for a dynamic year with the groundbreaking of four major projects in the GTA that showcase Mattamy's commitment to addressing the need for new housing, including affordable housing options.
Situated on Bloor Street West between Keele and Dundas Street subway stations, this 12-storey residential development, is set to house 174 units. Bloor GO station and the Union Pearson Express are also close by. The design by BDP Quadrangle adheres to the character of the surrounding built form, animating Bloor Street with retail space while adding density to the area. Following excavation, the building's construction phase commenced with the drilling of boreholes for a geothermal heating system, reflecting Mattamy's commitment to sustainable development.
This project in Milton marks the first phase of a master-planned community with an eventual total of 612 units across six buildings. The 8-storey first phase mid-rise, designed by KNYMH Inc, is set against the backdrop of the rural landscape, balancing natural features with town amenities and highway access.
In Burlington, Martha James Condos stands out for its architectural elegance. This 14-storey building, designed by Graziani + Corazza Architects, features a glass-clad tower above a brick podium. The design is intentionally selected to embrace views of nearby Lake Ontario, blending the building into its picturesque surroundings for its 150 residential units.
The Carding House groundbreaking also took place this year. Designed by Q4 Architects Inc, the development consists of a 5-storey mixed-use condominium and commercial building with two three-storey townhouse blocks, for a total of 175 units.
Navigating Market Challenges with Innovative Strategies
In response to a slowing real estate market, Mattamy Homes introduced a series of purchasing incentives for two of its under-construction developments: Soleil Condos in Milton and ClockWork Phase 2 in Oakville. These incentives, designed to bolster sales and provide financial relief to buyers, included substantial closing credits, reduced down payments, a year of waived maintenance fees, and other benefits. These measures reflected Mattamy's adaptability and customer-centric approach in a challenging market.
Soleil Condos: Embracing Nature and Community
Soleil Condos in Milton, a project benefitting from its proximity to the Niagara Escarpment, represents the fourth and final phase of Mattamy's development in this neighbourhood. This phase adds two more six-storey buildings with 150 units to the community, bringing the total number of units to 250. The development's design by KNYMH Inc blends with the scenic surroundings. Excavation for this phase was completed, with construction underway, showing continued progress and growth in the community.
ClockWork: Expanding Oakville's Urban Landscape
ClockWork 2 in Oakville, part of a multi-phased development, is set to become the second of seven residential buildings in the Joshua Creek neighbourhood. This 12-storey building, designed by BNKC, offers 174 units in a podium-and-tower massing. As of early 2023, the site was in the early stages of concrete forming. The development of ClockWork 2, along with other nearby Mattamy buildings, highlights the company's growing thrust in Oakville's urban expansion.
ClockWork Phase 3, a KNYMH Inc-designed seven-storey building with 163 suites launched in October and is already over 80% sold.
Mattamy's New Urban Office and BLVD Q Launch
In November 2023, Mattamy Homes inaugurated a new Urban Office on a high floor at Bloor Islington Place at Islington subway station, while launching BLVD Q, a mixed-use condominium on The Queensway in South Etobicoke. The office, with a commanding view of the area, will showcase the new condominium to prospective buyers, and will continue in the future as a permanent sales centre for other Mattamy developments in the area.
BLVD Q, a TACT Architecture-designed 11-storey condo, will boast 210 suites along with retail spaces. The building's location on a quickly redeveloping main street, coupled with its thoughtful design and competitive pricing, makes it a standout in the area's real estate market.
About Mattamy's Urban Division and Forward Outlook
The GTA Urban Division of Mattamy Homes, established in June 2021, marked its second anniversary in 2023. In a short span, the division made a significant impact in the Greater Toronto Area's real estate sector with over 1,500 sales and 1,200 occupancies. The division also expanded its portfolio to include more than 4,300 new units. As of 2023, it oversaw 40 high-rise and multi-family projects within its master-planned communities, boasting a pipeline of over 13,700 suites across 19 communities. This division's focus on multi-family and high-rise projects in strategic locations reflects Mattamy's commitment to addressing the region's need for well-designed, multi-residential communities.
As 2023 draws to a close, Mattamy Homes looks back on a year characterized by growth, challenges, and opportunities. Looking ahead to 2024, they are poised to continue this trajectory, contributing to the development of vibrant and sustainable urban communities.
UrbanToronto will continue to follow progress on these developments, but in the meantime, you can learn more about them from our Database files, linked below. If you'd like, you can join in on the conversation in the associated Project Forum thread or leave a comment in the space provided on this page.
* * *
UrbanToronto has a research service, UrbanToronto Pro, that provides comprehensive data on construction projects in the Greater Toronto Area—from proposal through to completion. We also offer Instant Reports, downloadable snapshots based on location, and a daily subscription newsletter, New Development Insider, that tracks projects from initial application.
